Mexico’s wealthiest person lost $5.1 billion in the wake of Donald Trump’s stunning upset over Democratic rival Hillary Clinton. Carlos Slim, who is fifth-richest in the world, shed 9.2 percent of his fortune after the peso dove as much as 12 percent on the news.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – The World's Richest People Lose $41 Billion on Trump's Win

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The net worth of the world’s richest person Bill Gates hit $90 billion on Friday, fueled by gains in public holdings including Canadian National Railway Company and Ecolab Inc. Gates’s fortune is now $13.5 billion bigger than that of the world’s second-wealthiest person, Spanish retail mogul Amancio Ortega, according to the Bloomberg Billionaires Index. At $90 billion, the Microsoft Corp. co-founder’s net worth is equal to 0.5 percent of U.S. GDP.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Bill Gates’s Net Worth Hits $90 Billion: Chart

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Meet some of the 2015 billionaires too poor to make the cut this year.

THE COMMODITIES ROUT, equity-market mayhem and global economic uncertainty have all dented the wealth of a number of the world’s richest people. This past year, 221 billionaires got knocked off the FORBES Billionaires list; not since 2009—when the credit crisis exiled 355 from the three-comma club—have so many gone down in one year.

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Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.

An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)

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markzukerberg
Mark Zuckerberg became the world’s fourth-richest person on Tuesday, as Facebook Inc. shares fended off plunging stock markets.

The 31-year-old founder of the largest social network had a $50 billion fortune by the close of regular trading in New York. That vaulted him above America Movil SAB’s Carlos Slim and Amazon.com Inc.’s Jeff Bezos on the Bloomberg Billionaires Index, a daily ranking of the world’s 400 richest people.

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